Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Australia, Singapore, Germany, England & NetherlandsNo. of Properties (exclude development/associate/fund): 108
Performance Highlight
Gross revenue and NPI declined YoY mainly due to a combination of weaker AUD/SGD exchange rate, lower surrender fee income and lower average occupancies at Maxis Business Park and 357 Collins Street. Distributable income and DPU have declined due to the above as well as higher finance costs, but offset by higher distribution from divestment gain.Rental Reversion
FLCT achieved strong portfolio rent reversion for the latest quarter, with 17.8% for incoming vs outgoing and 30.1% for average vs average.Acquisition
FLCT acquired a freehold forward funding logistics development at Maastricht, Netherlands. The expected practical completion date for the development is 1 November 2024.
FLCT acquired a freehold forward funding logistics development at Maastricht, Netherlands. The expected practical completion date for the development is 1 November 2024.